The government has paid off a US$709 million Eurobond ahead of maturity, extending its external debt settlements and signalling stronger liquidity as it works to rebuild credibility with investors.
The Ministry of Finance said in a statement that the payment was completed on December 30 using accumulated cash buffers, a move that caps total Eurobond disbursements in 2025 at roughly US$1.4 billion under the restructuring memorandum.
Finance Minister, Dr. Cassiel Ato Baah Forson described the early settlement as a key marker of Ghana’s recovery efforts.
“The Ministry of Finance has successfully settled a US$709 million Eurobond obligation on 30th December 2025, ahead of its due date, marking another significant milestone in Ghana’s economic recovery and debt-management efforts,” he said in a statement.
Dr. Forson added that the total payments so far — two instalments of US$349.52 million earlier in the year alongside the latest tranche — reflect a deliberate push to restore investor confidence.
The government said its actions are meant to reinforce the country’s standing as a disciplined borrower after the turbulence triggered by the 2022 debt crisis.
The minister stressed the point, noting, “The timely settlement reaffirms Ghana’s credibility as a sovereign borrower and underscores government’s commitment to restoring investor confidence through transparent, predictable, and disciplined debt-service practices.”
Officials say the administration plans to use the momentum to accelerate fiscal and structural reforms. According to Dr. Forson, “Government will intensify reforms in domestic revenue mobilisation, public financial management, and public debt management. Fiscal buffers will continue to be strengthened to support debt-service obligations and sustainably finance Ghana’s development agenda.”
The ministry also acknowledged the public’s role in the adjustment process.
“Government thanks the good people of Ghana for their support and understanding, which have been vital to the country’s economic recovery,” the minister said, adding that further measures will follow into 2026. “We also take this opportunity to appeal for continued forbearance and cooperation as further economic reforms are implemented in the coming year to consolidate the gains achieved in 2025.”
The Eurobond settlement forms part of broader efforts under an IMF-supported programme to stabilise the economy, lower debt risks and repair market access. Investors will be watching how sustained reform momentum translates into growth, and whether fiscal discipline holds amid spending pressures as the administration shifts toward medium-term recovery targets.
The post Gov’t clears US$709m Eurobond ahead of schedule appeared first on The Business & Financial Times.
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